Another wannabe pro thread :)

will this be your sole income?

If you have discipline issues then it's not a great idea to go pro..imo of course,

GL

if you haven't already proven to yourself that you can make it pay, you shouldn't go pro

imho.

go for it man

Yes, this will be sole income. Although I have 'tilted' and blown large percentages of my roll on occassions, the 15K I have banked is around 60% gambling profit, + as I'm only 19 I feel there's still time to train myself to take an unlucky loss without tilting. If I can conquer this I'm sure I'll do ok.

Cheers.

what are your monthly living costs then?

do have separate money to pay for them?

because you will need it if you are serious.

Hi, finally decided

Love the use of 'finally' when you are 19 years old :)

I'll be living with parents for the first 3 months, so rent will be quite low (or at least I hope so!). After that I'll be on my own. Will be withdrawing around €900 each month which should be more than enough to cover all costs. Apart from that there are no real back up plans; left a college course for a job in racing which I then left to pursue this :( . Off to bed now as there are quite a few races tomorrow, cheers for the replies.

Good luck JLS, I made the same move to go full time back in Feb 2008, but gave up approx Nov 2008, having made no head way. Spent the next 6 months working back in the real world on and off, and also studying hard on BF to try and work out why it's so damned hard to succeed. Started full time again in summer 2009 and haven't really looked back since then, but I believe my failure first time round was essential to my success today, as I learnt so many things about money management, staking discipline, anger management, knowing when to fold 'em so to speak etc, which I guess we all basically sum up as discipline.

So are you dedicated to the cause, no offence but you sound a bit young to be fully committed.

When you say withdrawing £900 a month , you mean from your betting money?

Really can't see how that will work tbh . So you have to make £900 a month on average just to maintain your betting funds at the same level.

I was in a similar position in 2008 , not because i was 'going pro' , just couldn't be bothered getting a job :) . From May 2008 (when i quit work) to November, on average , i made £500 a month from betting . At the end of that time i had 4 or 5 thousand less than when i started due to rent, bills and so on totalling a hell of a lot more than £500. So the betting 'bank' just dwindles away even while you are winning .Then 2 months without winning left me almost penniless.

To realistically expect to average £900+ a month winnings you would need a lot more than 15K imo.

But really the key thing is to have separate money that will cover all your living costs for a year at least.

All depends how "good" they are T...... If sufficient edge re horses, then with £15,000 bank over all he could make far in excess of £900 IMO. Football is harder probably.....

At 19 though I strongly doubt there being sufficient "edge" re horse racing to win......chances are the bank will be lost. IMO it can take years to gather together sufficient "edge" to win on horses..........football is far less complicated to have knowledge on, though again years experience of watching football , not just in UK, and perhaps having played football, would add to such experience.

IMO ....get a job......and build up knowledge on sport you are "good" at, before going full time at it.

GL

DFCIRONMAN

brilliant advice there, summed it up a treat

at least you are young and this time next year when you have lost all your bank getting job should be easy enough

There's a young fellow in his 20s who's making a mint out of here. Adam somebody. He does trading, which I can never manage. Good luck to him, though, and to you.

I take it you've proved, to yourself, that you can generate the neccessary profits on a part time basis?
I notice you've only been on betfair around six months which is not long at all, even if you've been winning over this period so i'd advise caution.
If you are determined to go ahead only use the £2500, and don't withdraw any money for the first three months, and see where your bank is after that period. Don't even think about depositing the 15k, even if your bank recedes. I'd say if your bank isn't at the £5000 mark after that period you should get yourself a job, easier said than done i know, and concentrate on betfair on a part time basis. Good luck

I forgot to ask, do you play from home when playing the place market in running?
When you say you'll be playing pre off my concern would be, if you're playing from home, that you use the i-r place market to attempt to get out of pre race trades that have gone against you which is not a great idea. Apologies if i'm wrong.

Thanks for all the advice / input. I've had this account on BF for 6 months, but have been familiar with BF for alot longer; Also I got into racing when I was very young so dont think that lack of experience / knowledge is a problem. Buzzer, I play I/R from home and have never had many problems, even with the delay; Of course I limit myself to the longer race as 5F etc can be quite tricky on a 4 sec delay :)

Cheers.

Just out of pure nosiness, where're you moving to in Spain?

We haven't decided yet. Originally we planned to go to a place called Nerja but with the recession etc we're going to have to find somewhere less expensive. The plan is to drive across spain visiting a few places we have in mind until we find the right the right location. Anything's better than Dublin!

Lonely

4 sec delay? Do you not have SIS?

I grew up over there mate and am moving back later in the year. Lifestyle choice really! Earn less but be happy as opposed to earn more and be miserable!

Nope, I couldn't really justify 6K a year or whatever it is when I do fine with normal pics, I usually make my play in the first quarter of the race anyway. @ ZEALOT - are you saying im lonely pmsl :D

Well without reading the whole thread at least he didnt mention some secret loophole,... so maybe he has a clue or two,....

GL Anyways,.... hope you have the necesarry amount of investment money to do this cause 2500 looks like a bad idea if you intend to pay bills from your potential winnings.... imo

You have absolutely no chance,none whatsoever.I hope for you that this IS a fishing thread !

I dont intend to pay for my outgoings from the 2500, this is more a trial run to decide whether to deposit 15K (and that would be what id be using to pay the bills with, hopefully).

Anyway, today has gone ok-ish, will post p/l after Kempton / stateside is over.

Oh and cheers for your input Duncan :D, time will tell.

if your being honest mate i really hope it works for you im a little bit in the same position as you but dont have the courage to back my instinked so fair play and good luck

you should see a doctor about that instinked problem...

I have to agree with Young Duncan though perhaps not in such strong words.

No point patronising him Ken.Better to tell it like it is.

no offence but you sound a bit young to be fully committed.

That's the only thing he appears to have on his side.

if you believe you will receive.

Don't listen to all these negative comments. To succeed in life you have to take a gamble or two and if you lose your coin so what, at least you have had a do. All the best pal.

Yours faithfully

'u want some'

To be a professional gambler in my eyes would be the best job in the world its living a dream and if living the dream costs you 15k then so be it im not saying thats not alot of money but it wont be the end of the world. So many people want to knock you down before you start i say go for it make it work. Its better to have tried and failed than never to have tried

It is also better to hang on to your 2.5K,than fritter it away on here as he surely will.

And how exactly is he going to make it work ?
Throwing money at it wily nily will not be good enough I'm afraid,otherwise we would all be doing it.

Horse Racing: €4.04 | Tote: | Total P&L: €4.04



Horse Racing Showing 1 - 17 of 17 markets

Market Start time Settled date Profit/loss (€)
Horse Racing / Tampa (US) 10th Feb : To Be Placed 10-Feb-10 21:34 10-Feb-10 22:03 16.76
Horse Racing / Kemp 10th Feb : To Be Placed 10-Feb-10 20:10 10-Feb-10 20:18 42.04
Horse Racing / Kemp 10th Feb : To Be Placed 10-Feb-10 19:40 10-Feb-10 19:45 62.49
Horse Racing / Kemp 10th Feb : To Be Placed 10-Feb-10 19:10 10-Feb-10 19:19 24.75
Horse Racing / Tampa (US) 10th Feb : To Be Placed 10-Feb-10 18:50 10-Feb-10 19:02 -100.00
Horse Racing / Kemp 10th Feb : To Be Placed 10-Feb-10 18:40 10-Feb-10 18:49 -82.85
Horse Racing / Tampa (US) 10th Feb : To Be Placed 10-Feb-10 17:25 10-Feb-10 17:45 30.49
Horse Racing / Kemp 10th Feb : To Be Placed 10-Feb-10 17:10 10-Feb-10 17:15 52.36
Horse Racing / Ludl 10th Feb : To Be Placed 10-Feb-10 17:00 10-Feb-10 17:09 -123.58
Horse Racing / Ludl 10th Feb : To Be Placed 10-Feb-10 16:30 10-Feb-10 16:38 48.76
Horse Racing / Ling 10th Feb : To Be Placed 10-Feb-10 15:55 10-Feb-10 16:04 6.73
Horse Racing / Ludl 10th Feb : To Be Placed 10-Feb-10 15:30 10-Feb-10 15:37 55.79
Horse Racing / Fairy 10th Feb : To Be Placed 10-Feb-10 14:50 10-Feb-10 15:03 42.84
Horse Racing / Ling 10th Feb : To Be Placed 10-Feb-10 13:55 10-Feb-10 14:13 -100.00
Horse Racing / Sthl 10th Feb : To Be Placed 10-Feb-10 14:05 10-Feb-10 14:12 48.81
Horse Racing / Ludl 10th Feb : To Be Placed 10-Feb-10 13:45 10-Feb-10 13:50 26.40
Horse Racing / Sthl 10th Feb : To Be Placed 10-Feb-10 13:30 10-Feb-10 13:35 -47.75

Profit and Loss is shown net of commission.
All times are GMT
?
unless otherwise stated.



Poor stuff today, was far too cautious in alot of races. Hopefully tomorrow will be better. House sale should be finalized tomorrow also so hopefully be in spain in a month or so.

Duncan, can you give me a reason why I'm destined to fail here? I'm well aware it's going to be difficult to make a living from gambling but if other people can, why can't I?

Cheers.

Jet way too many bets m8, better to have 1 or 2 strong bets a day than alot of weak ones, just my opinion, wish you luck :)

I can see why alot of people prefer to have a smaller amount of bets, but there are alot more opportunities in the place rather than the win market that I would consider 'strong bets'. Plus with I/R a chance can present itself in almost every race.

Hopefully tomorrow will go better :)

Duncan, can you give me a reason why I'm destined to fail here? I'm well aware it's going to be difficult to make a living from gambling but if other people can, why can't I?

A bit harsh from Duncan there , but you are only 19 and obviously don't have much experience.


I can see why alot of people prefer to have a smaller amount of bets, but there are alot more opportunities in the place rather than the win market that I would consider 'strong bets'. Plus with I/R a chance can present itself in almost every race.

Young people are also usually a little naive and I think that it shows when you think that you will get plenty of I/R chances when you know that there are hundreds of people watching with faster pictures than you.

That said , I think you should go for it. You still live with your parents and are very young so it's no disaster if you don't make it.

good luck JetLoneStar - we all need some of that. unlike some here I believe that £900 every month from a £2500 bank is easily do able but you would really have to put the time in where it matters. i.e. hours and hours of studying the form to get the value from the race.

You also need a clear strategy which you don't seem to have because you state you play in running in the first part of the race but then say you play US tracks where there is no in running.

Other than that I agree with eddie, go for it you are only young and have plenty of time to start other careers if it doesn't work out.

keep us updated on your progress

'but you are only 19 and obviously don't have much experience'.

I can assure you experience / knowledge isn't be a problem.

I'm going to be more selective today and see how I fare although playing more races has served me well in the past; We'll see.

Thanks for the input / gl / advice.

If you have an edge the more bets the better

is this I quit my job MK2?

iqmj has been posting today on onions thread

How did you fare using a conservative strategy?

Surely you haven't done the 2.5k already?

JetLoneStar 11 Feb 13:16

'but you are only 19 and obviously don't have much experience'.
I can assure you experience / knowledge isn't be a problem.
I'm going to be more selective today and see how I fare although playing more races has served me well in the past; We'll see.
Thanks for the input / gl / advice.
.............................................................................

Good luck JetLoneStar. If I can make an observation. You are changing your selection strategy within a couple of days of starting this thread. I'm not saying high or low volume is right or wrong in this situation, but I do think you need to think things through a little before you proceed much further.

Hope it works out.

Duncan, can you give me a reason why I'm destined to fail here? I'm well aware it's going to be difficult to make a living from gambling but if other people can, why can't I?

The one reason you will fail is because you do not have an edge. Some people do, but however much you want it to apply to you, it won't without a lot more time and effort. You have a lot to learn.

http://green-all-over.blogspot.com/2008/06/full-time.html

As the Palace lad has just said I think you may perceive that you have got an edge, but have you really? How have you reached this decision? Have you proven to yourself that you can do this over an extended period of time? Rhetorical questions of course.

Also your use of language in the thread title gives a little away.

Another wannabe pro thread. If you are still thinking as a wannabe then perhaps it is a little early to take the plunge full time just yet.

How are you doing ?

Did the discipline issues you alluded to take hold?
I don't want to mock you Jet but i think you should come back to the thread and say what happened, your daily p and l only lasted one day so people will think the worst but it can help to post 'disasters'. I had numerous heavy losses and came to the conclusion i should share my ups and downs with someone else who could possibly be affected and so on a monthly basis, for many years now, my wife goes through the accounts on a monthly basis and it ironed out my discipline issues. I, obviously, still have losing bets but the ridiculous, red mist bets were soon cut out, it can make you think twice before deviating from your plan when things aren't going well.

I think Elvis has left the building.

17 place bets in one day seems like a guesser.

another 1.01 sunk!!

this must have been the shortest 'daily p and l' to be posted on the forums jet

tobermory 10 Feb 01:39

To realistically expect to average £900+ a month winnings you would need a lot more than 15K imo.

___________-

Tobers ,you speak a lot of sense and wise words indeed...but the bit above is just not true .

To gain an advantage of 500-600 per week (or 2,200 a month) you need a bank of no more than 7,000 if you are clever enough .

Jetlonestar ..as for moving to Spain is concerned ,I would check the tax and domicile situation

Where'd he go?

If it starts to work out.....................remember that the 20% Premium Charge will kick in & ruin you.

If it starts to work out.....................remember that the 20% Premium Charge will kick in & ruin you.

Bank size is relevant only if your strategy demands. For the strategies I follow bank size is totally irrelevant. So it is possible to make more than 1k from a bank of 1k in one month.

I averaged 7k per month over last 5years maintaining a betting bank(not total bank) of 1k to 2k (sometimes more if Idon't make withdrawls of profit).

JLS - utter utter nonsense!!

i take it he blew his whole bank

Tbf to the lad he is only 19 enthusiasm lost to naivety he won't be the last.